RiverFront Investment Group LLC Buys Shares of 9,375 Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ)

RiverFront Investment Group LLC purchased a new position in Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,375 shares of the company’s stock, valued at approximately $358,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Waverly Advisors LLC grew its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.8% during the 4th quarter. Waverly Advisors LLC now owns 1,631,552 shares of the company’s stock worth $61,167,000 after acquiring an additional 44,148 shares in the last quarter. LPL Financial LLC grew its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 2.7% in the second quarter. LPL Financial LLC now owns 1,219,068 shares of the company’s stock worth $46,495,000 after purchasing an additional 31,717 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Invesco FTSE RAFI US 1500 Small-Mid ETF by 3.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,206,857 shares of the company’s stock valued at $46,030,000 after buying an additional 34,749 shares during the last quarter. First Foundation Advisors raised its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 21.7% during the second quarter. First Foundation Advisors now owns 1,027,074 shares of the company’s stock valued at $39,173,000 after buying an additional 182,834 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Invesco FTSE RAFI US 1500 Small-Mid ETF by 9.5% during the second quarter. Bank of New York Mellon Corp now owns 484,008 shares of the company’s stock valued at $18,460,000 after buying an additional 42,100 shares in the last quarter.

Invesco FTSE RAFI US 1500 Small-Mid ETF Trading Down 1.1 %

Shares of PRFZ opened at $41.09 on Wednesday. Invesco FTSE RAFI US 1500 Small-Mid ETF has a 52 week low of $30.29 and a 52 week high of $42.64. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 2.78 and a beta of 1.17. The stock has a 50 day moving average of $40.37 and a 200-day moving average of $39.05.

Invesco FTSE RAFI US 1500 Small-Mid ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.131 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Monday, September 23rd.

Invesco FTSE RAFI US 1500 Small-Mid ETF Company Profile

The Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) is an exchange-traded fund that is based on the FTSE RAFI US 1500 index. The fund tracks a fundamentally-weighted index of 1,500 small- and mid-cap companies in the US that are selected using fundamental metrics. PRFZ was launched on Sep 20, 2006 and is managed by Invesco.